If you own a lot or a subdivision, but don’t have the funds to start construction, whether it be a custom home or a cookie cutter, you’ll need a construction loan to get the process going. Unfortunately, with lending tightening these days, traditional construction loans can be hard to come by.
HardMoneyMan.com LLC offers hard money construction loans, and we are looking for motivated builders to work with. Here are the top 4 reasons you should consider a hard money construction loan from us.
1. Loans for builders by builders
For savvy and ambitious investors, if your niche in real estate investing is building from the ground up, then who better to work with than a lender that has built homes in the past? As we see profit margins on house flipping shrinking, lower inventory levels and nervous
If you want to get into the game, but can’t get a traditional bank loan because you’re a first time builder, we can work with you as long as you have a solid plan for completing your construction project.
2. Flexible Loan Amounts
We offer loans anywhere between $30K and $1.5M. We also consider requests for larger loans on a case-by-case basis. Whether you need just a little more cash to give your construction project some breathing room, or you need money to finance the majority of it, we have a loan to fit your needs.
3. Fast Closing Times
Traditional banks shuffle their loan applications back and forth among multiple departments over several weeks before your application is even approved. If you need cash to get your project off the ground fast, you may not have the option of waiting months to get a loan.
HardMoneyMan.com LLC offers same day decisions and can close in as little as 7 days. With our spec home construction loans, you can get your project going in no time.
4. Benefits For Owning Your Lot
If you don’t own the lot, we will lend up to 70% of the cost of purchasing a lot and 100% of the construction costs. But if you already own a lot free and clear, we will consider that your skin in the deal.